Title: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Werner on June 01, 2009, 08:51:50 am
GM is expected to announce brankruptcy on Monday - Anyone knows or has heard rumours if this will affect their start at Le Mans?
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Kpy on June 01, 2009, 09:37:06 am
GM doesn't own the Corvette Racing team, it belongs to James Miller and Gary Pratt, nor does it own Luc Alphand Adventures. So, no GM's situation will not affect the Corvettes' start at LM.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Werner on June 01, 2009, 09:53:00 am
Aaah, OK, sounds good. I knew that Alphand is a private entry but thought that Corvette Racing is factory owned. Good to hear they are not :)
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Nordic on June 01, 2009, 10:06:53 am
GM is expected to announce brankruptcy on Monday - Anyone knows or has heard rumours if this will affect their start at Le Mans?
The teams are seperate from GM, but the sponsors are mainly GM releated.
Any problem with a sponsor could affect the payments that enable the team to race.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Kpy on June 01, 2009, 11:32:30 am
GM is expected to announce brankruptcy on Monday - Anyone knows or has heard rumours if this will affect their start at Le Mans?
The teams are seperate from GM, but the sponsors are mainly GM releated.
Any problem with a sponsor could affect the payments that enable the team to race.
The primary sponsor of Corvette Racing Team is Compuware - not owned by GM.
Only two of the ten associate sponsors are GM related.
I think you'll see four Corvettes on the grid this year.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Boorish Grobian on June 01, 2009, 04:58:40 pm
Haven't heard anything over here regarding the bankruptcy inpacting the Vette racing program. As I understand things, LM will be the last race for the GT1 cars, then the new GT2 machines will make their debut at the Mid-Ohio ALMS round later this summer.
Fax
Fax
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: smokie on June 01, 2009, 05:56:41 pm
Expected announcements have taken place - GM now in Chapter 11, Europe not affected (directly) following their sale to Magna.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: jpchenet on June 01, 2009, 06:08:58 pm
Well Johnny O still seems to be of the belief that he will be in France very soon! :-)
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: nopanic - neil on June 01, 2009, 06:16:51 pm
US Gvt will own 60% of GM and say they will not have any direct running of the company.
Be interesting to see what happens the the whole group, esp european section in the long term.
Be interesting to see what happens the the whole group, esp european section in the long term.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Mr Termite on June 04, 2009, 01:20:26 pm
Has this been posted before? Apologies if so!
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: garyfrogeye on June 04, 2009, 01:31:08 pm
Sad but true
BINGO ;D
BINGO ;D
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: nopanic - neil on June 04, 2009, 01:38:49 pm
Now the american govenment own 60% of GM.
Does GM - now stand for Govenment Motors ?
Does GM - now stand for Govenment Motors ?
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: JDS on June 04, 2009, 01:59:18 pm
Now the american govenment own 60% of GM.
Does GM - now stand for Govenment Motors ?
Does GM - now stand for Govenment Motors ?
Who knows, here's some promo details though on the takeover of GM by the government: http://www.youtube.com/watch?v=rAqPMJFaEdY
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: TigerSam on June 04, 2009, 02:33:56 pm
On Radio LeMans last night Oli Gavin said that the money had already been put aside for the vettes racing programme at Le Mans and that the trucks are practically there already, There will be no issue for this years event (as already confirmed) but they will have meetings regarding the future programmes.
Title: Re: GM bankruptcy expected for Monday - Will the Corvettes race at LM?
Post by: Canada Phil on June 05, 2009, 05:35:45 am
Now the american govenment own 60% of GM.
Does GM - now stand for Govenment Motors ?
Hi Neil don't forget the 10.8 BILLION $$ from Ontario & Canadian government. Talk about buying a lemon. Does GM - now stand for Govenment Motors ?
Phil
